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Governor Villar: Might Need To Tighten Further

COLOMBIA
  • Speaking at an IMF event, central bank Governor Villar says Colombia might need to tighten monetary policy further, a weakening peso may mean the need for higher rates and that food price inflation exceeds that of its peers.
  • Adjusting monetary policy is seen as a long process and fiscal policy has so far been expansionary.
  • The central bank is not considering capital controls.

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